Credit score affecting car insurance

Chris Pugh Cincinnati Enquirer Published 10:38 p.m. UTC Sep 1, 2018 A new study indicated Ohio car insurance rates are more impacted by credit scores than many other states and many consumers are unclear about the connection between them. The WalletHub report said Ohio ranked 14th in the U.S. with a 83 percent difference in the cost of car insurance with no credit against excellent credit. More: Ndume to make return to Cincinnati Zoo after 27 years More: 11 things we know about LEGOLAND Discovery Center Columbus More: What the #$%@? You could be fined, taken to jail for swearing in Myrtle Beach In addition, company officials said the study found that among Ohio respondents: * 37 percent didn't know credit scores affected car insurance * 17 percent thought bad credit made you a bad driver * 41 percent believe a person's driving record affects your credit score *16 percent felt gender should affect car insurance rates * 8 percent felt education level should affect care … [Read more...] about Study: Ohio car insurance rates see greater impact from credit scores

Your credit history can directly impact what you buy, where you live and even where you work. It can make important transitions, such as getting a new apartment or buying a home, smooth or challenging. A good credit score can even widen your dating pool. Here are five ways your credit standing can affect your life. Buying a home Before you start scouring open houses, know that a credit score of 740 or higher (the scale goes to 850) helps you qualify for the best mortgage rates available, particularly on conventional loans. If your score is lower, you still have options. Federal Housing Administration loans, which are popular among first-time home buyers, let you put as little as 3.5 percent down if your FICO score is 580 or better. Upgrading your credit card In order to qualify for the top credit cards — with generous sign-up bonuses or amazing travel rewards — you generally need to have a good or excellent credit score. Those with bad credit still have some solid credit … [Read more...] about Five big ways your credit can affect your life

Photo: Provided By Shawn Moodie Image 1of/1 CaptionClose Image 1 of 1 Shawn Moodie, the head of Moodie Bluez Consulting in Albany Shawn Moodie, the head of Moodie Bluez Consulting in Albany Photo: Provided By Shawn Moodie A small business owner on credit repair and financial literacy 1 / 1 Back to Gallery Shortly after he graduated from high school, Shawn Moodie told friends he wanted to own his own business. The Long Island native was inspired by his uncle, a Jamaican immigrant who worked his way up from entry-level printer at a Brooklyn printing factory to owner of the business. "I thought it would be glamorous," Moodie said. It took years and a few setbacks to get there. Moodie worked for KB Toys for 13 years and later as a regional manager for Mosaic Sales Solutions before joining Bank of America in 2005, where he oversaw branches in the Capital Region. He was laid off when the … [Read more...] about A small business owner on credit repair and financial literacy

By SHEFALI LUTHRAKaiser Health News May 21. 2018 10:19PM Chuck Woodard, left, and son Jeff Woodard stand near Stanley Lake in Arvada, Colo. After a horse-riding accident left him saddled with a stack of hospital bills, Jeff worried what one disputed bill would do to his credit. (Barry Gutierrez/Kaiser Health News/TNS) After a devastating horse-riding accident in January 2017 landed him in the hospital for about 30 days, requiring trauma care and hospital-based therapy, Jeff Woodard considered himself lucky.The bills amounted to hundreds of thousands of dollars. But Woodard’s employer-sponsored health insurance limited his out-of-pocket maximum payment to $5,000. He reached that “within like a day,” he recalled.His retired parents relocated from their small town in Massachusetts to help Woodard, now 27, who lives just outside of Denver, through his recovery. With their support, and regular outpatient therapy, he returned to working full time in just two … [Read more...] about When credit scores become casualties of health care

By California Healthline | PUBLISHED: May 11, 2018 at 4:38 pm | UPDATED: May 11, 2018 at 4:39 pm By Shefali Luthra, California Healthline After a devastating horse-riding accident in January 2017 landed him in the hospital for about 30 days, requiring trauma care and hospital-based therapy, Jeff Woodard considered himself lucky. The bills amounted to hundreds of thousands of dollars. But Woodard’s employer-sponsored health insurance limited his out-of-pocket maximum payment to $5,000. He reached that “within like a day,” he recalled. His retired parents relocated from their small town in Massachusetts to help Woodard, now 27, who lives just outside of Denver, through his recovery. With their support, and regular outpatient therapy, he returned to working full time in just two months. But he didn’t expect another set of payments to haunt him and his parents for nearly a year, ultimately going to collections, and threatening to weaken his credit rating for … [Read more...] about When credit scores become casualties of healthcare costs